Nadeem Velani Sells 24,100 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer Nadeem Velani sold 24,100 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of C$112.42, for a total value of C$2,709,322.00.

Canadian Pacific Kansas City Stock Down 0.7%

Shares of TSE CP traded down C$0.73 during midday trading on Wednesday, hitting C$110.41. 975,231 shares of the company's stock were exchanged, compared to its average volume of 1,633,619. The firm's fifty day simple moving average is C$105.82 and its 200-day simple moving average is C$107.19. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The company has a market cap of C$103.20 billion, a PE ratio of 29.15, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City Limited has a twelve month low of C$94.60 and a twelve month high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 0.83%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. Canadian Pacific Kansas City's dividend payout ratio is currently 20.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CP. UBS Group lifted their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. Barclays cut their price target on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research report on Wednesday, April 2nd. Desjardins dropped their price target on shares of Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. CIBC upped their price target on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research report on Thursday, May 22nd. Finally, Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and a consensus price target of C$120.00.

About Canadian Pacific Kansas City

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.